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The pathology instruments market share is expected to increase by USD 1.23 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6%.
This pathology instruments market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pathology instruments market segmentation by application (diagnostics, drug discovery, and other applications) and geography (North America, Europe, Asia, and ROW). The pathology instruments market report also offers information on several market vendors, including Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., Bio SB, Bio-Rad Laboratories, Inc, Danaher Corp., F. Hoffmann-La Roche Ltd., Merck KGaA, PerkinElmer Inc., and PHC Holdings Corporation among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing prevalence of cancer is notably driving the pathology instruments market growth, although factors such as shortage of trained pathologists may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pathology instruments industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Pathology Instruments Market Driver
The growing incidence and prevalence of cancer is one of the primary growth factors for the pathology instruments market. To reduce the spread and prevalence of cancer, it is imperative that the disease must be identified and controlled at an early stage. Early diagnosis helps in assessing the accurate condition of the patient and treating accordingly, by stopping the growth of the cancerous cells at an early stage. Since pathology instruments are equipped with strong principles of detection that accurately diagnose the disease and guide towards appropriate treatment, the need for the early diagnosis of cancer will drive the pathology instruments market revenue.
Key Pathology Instruments Market Trend
The increase in product promotion activities will be one of the key trends that will gain traction in the pathology instruments market during the next few years. Vendors in this market are focusing on extensive product promotion to ensure constant growth in sales. The key companies are already focusing on digital media channels to improve product awareness, product brand image, and increase product reach. Digital media platforms, help pathology equipment manufacturers in sharing relevant information through informative videos and detailed infographics, which will subsequently, improve the sale of their products.
This pathology instruments market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pathology instruments market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the pathology instruments market encompasses successful business strategies deployed by the key vendors. The pathology instruments market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The pathology instruments market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the pathology instruments market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for pathology instruments in North America. However, market growth in this region will be slower than the growth of the market in Asia.
The presence of a strong healthcare infrastructure and the growing prevalence of cancer will facilitate the pathology instruments market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The pathology instruments market share growth by the diagnostics segment will be significant during the forecast period. The rise in the need for early and accurate diagnostics will drive the growth of the market in the diagnostic application segment in the coming years. The emergence of pathology instruments based on techniques such as immunohistochemistry (IHC) and in situ hybridization (ISH) has greatly enhanced the global diagnostics paradigm.
This report provides an accurate prediction of the contribution of all the segments to the growth of the pathology instruments market size and actionable market insights on post COVID-19 impact on each segment.
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Pathology Instruments Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2021-2025 |
$ 1.23 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.78 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, Germany, UK, Japan, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., Bio SB, Bio-Rad Laboratories, Inc, Danaher Corp., F. Hoffmann-La Roche Ltd., Merck KGaA, PerkinElmer Inc., and PHC Holdings Corporation |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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